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Ugandan shilling stable, demand seen picking up after tax payments

The shilling at 3,665/3,675, same level as Friday's close. KAMPALA: The Ugandan shilling was stable on Monday
Published February 17, 2020
  • The shilling at 3,665/3,675, same level as Friday's close.

KAMPALA: The Ugandan shilling was stable on Monday but was expected to weaken moderately as demand from some big firms picked up after clearing their mid-month tax obligations, traders said.

At 0937 GMT commercial banks quoted the shilling at 3,665/3,675, same level as Friday's close.

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